Cairn Energy PLC 5.7% Potential Upside Indicated by RBC Capital Markets

Broker Ratings

Cairn Energy PLC using EPIC/TICKER code (LON:CNE) has had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Markets. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. RBC Capital Markets have set their target price at 140 GBX on its stock. This is indicating the analyst believes there is a potential upside of 5.7% from today’s opening price of 132.4 GBX. Over the last 30 and 90 trading days the company share price has increased 16.4 points and increased 27.3 points respectively. The 1 year high for the stock price is 216.8 GBX while the 52 week low is 57.35 GBX.

Cairn Energy PLC has a 50 day moving average of 127.99 GBX and the 200 Day Moving Average price is recorded at 148.07. There are currently 589,552,585 shares in issue with the average daily volume traded being 1,090,863. Market capitalisation for LON:CNE is £775,815,794 GBP.

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